posts on Legislative / Regulatory

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Wynne verdict is in: Supreme Court strikes down Maryland tax law

Posted By: Bill Sheridan on May 18, 2015 in Legislative / Regulatory&Taxation
The U.S. Supreme Court has spoken: Double-taxing the income that Maryland residents earn in other states is unconstitutional. In a 5-4 ruling, the Supreme Court has struck down Maryland’s income tax law because it does not provide state residents with a full credit for tax paid on income that they earned in other states. The Washington Post’s Bill Turque called it “a ruling likely to cost Maryland counties and localities across the country millions of dollars in...
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Maryland's 2015 legislative victories underscore the value of associations

For anyone asking if associations are still relevant, the Maryland Association of CPAs has an emphatic, one-word answer: Yes. The MACPA and its members drove that point home during the 2015 session of Maryland’s General Assembly. With considerable support from the MACPA, the state’s lawmakers passed a pair of bills that were high on CPAs’ legislative agenda, each of which provides some important protections for CPAs who do work in Maryland. * The first (House Bill 878 / Senate...
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Maryland CPAs declare victory for 2015 legislative session

Posted By: Tom Hood on April 14, 2015 in Legislative / Regulatory
Last night at midnight, House Speaker, Michael Busch, proclaimed "sine die"  as the 2015 legislative session ended for another year. Confetti and ballons come down as the 435th session drew to a close and Maryland CPAs declared victory and a successful legislative agenda that started on Janurary 29th with record attendance at CPA Day.
No man's life, liberty or happiness are safe when the legislature is in session. -Mark Twain
Tom Hood and Mary Beth Halpern report on the...
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The 115th anniversary of the CPA profession in Maryland

Posted By: Tom Hood on April 09, 2015 in Legislative / Regulatory
It was late in the evening on April 10, 1900 that Gov. John Walter Smith signed into law the "Act to regulate the Practice of the Profession of Public Accountant in Maryland." It was the third try in the legislature by a small group of accountants working to establish a new "profession" to help Maryland make the shift from the agricultural age to the industrial age. Maryland would be the third state in the nation to pass this law. This same group was involved in the first two states, New York...
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MACPA makes final push in last week of Maryland General Assembly

Posted By: Tom Hood on April 09, 2015 in Legislative / Regulatory
With less than a week to go, the pace has moved into high gear in Annapolis as lawmakers finalize work on more than 2,200 pieces of legislation introduced this session. To date, we have achieved several successes related to the MACPA’s legislative agenda. Several bills have stalled in committee, which means they may not see the light of day this year.  With the support from many of our key contacts, the Senate bill to modify the definition of attest (SB 536) successfully passed both...

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